India may achieve 300 million tonne steel output ahead of 2030-31

The Indian government on Tuesday expressed confidence that India would achieve 300 million tonnes of steel production target ahead of the year 2030-31. Steel Secretary Binoy Kumar said " National Steel Policy is a very landmark policy which was brought in the year 2017. It envisions the steel capacity to be around 300 MT by 2030. Going by the present trend of growth both in terms of consumption, in terms of per capita growth this could come even earlier. Now, for all this we require the mining sector to be aggravated. In this context I must say that NMDC must play its pivotal role." India had last year approved the National Steel Policy 2017 that envisages INR 10 lakh crore investments to take capacity to 300 million tonnes by 2030-31.